Wednesday, April 20, 2016

By now every real investor knows that stock markets are rigged not on fundamentals and technicals, but on Federal Reserve and ESF interventions. And no greater example of this can be evidenced when Goldman Sachs, who reported a decline of 55% in last quarter earnings, saw their stock go up during today’s trading.

But underlying it all is a growing plague of debt and margin calls, and since the beginning of the year, 46 corporations have defaulted on their debt, which is the highest level seen since 2009, and the beginning of the Great Recession.